Gold and Silver Decline Thursday, Aug. 5

6

Palladium logged a slight gain for a second day in a row Thursday. Meanwhile, gold, silver and platinum declined.

Gold for December delivery settled down $5.60, or 0.3%, to $1,808.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is trading weak relative to real yields, suggesting the metal’s micro-structure is vulnerable to a downside catalyst and we’re expecting a strong beat to Friday’s jobs data, so there could be some further momentum to the downside," Reuters quoted TD Securities commodity strategist Daniel Ghali.

Gold futures ranged from a low of $1,799.70 to a high of $1,817.90. They climbed 0.02% on Wednesday, they lost 0.4% on Tuesday, and they rose 0.3% on Monday.

Silver for September delivery shed 16.9 cents, or 0.7%, to settle at $25.292 an ounce. Silver futures traded between $25.11 and $25.57. They declined 0.5% on Wednesday, they inched up 0.03% on Tuesday, and they edged 0.1% ahead on Monday.

In other precious metals prices Thursday:

  • October platinum fell $15.60, or 1.5%, to $1,005.70 an ounce, ranging from $1,000.20 to $1,021.60.

  • Palladium for September delivery rose $3.40, or 0.1%, to $2,655.10 an ounce, trading between $2,633.50 and $2,670.

US Mint Bullion Sales in 2021

Published U.S. Mint bullion sales were unchanged Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week / August May June July 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 6,000 15,500 20,500 158,000 49,500 649,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 15,000 10,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 30,000 0 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 40,000 15,000 0 90,000 40,000 295,000
$50 American Buffalo 1 Oz Gold Coin 0 500 3,000 44,000 27,500 14,500 211,000
$1 American Eagle 1 Oz Silver Coin 0 760,000 612,500 0 2,800,000 3,104,000 19,623,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 40,000 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 2,900 0 0 52,900

 

Subscribe
Notify of
guest
6 Comments
Inline Feedbacks
View all comments
Kaiser Wilhelm

Gosh, I sure hope the parallel decline of gold and silver doesn’t portend the final decline of Western Civilization.

45fi2k.jpg
Mark D.

Not joining the whiners and Caligulites as they complain and/or rejoice about not gitten one or gitten one mint special this evening? Quiet…too quiet.

Kaiser Wilhelm

Mark old buddy,

I just haven’t gotten around to joining the usual cavalcade of post-coin-release merriment and/or moroseness on my favorite coin site yet as I was somewhat more extensively involved than usual in taking care of assorted non-numismatic aspects of the day. Carpe diem and all that.

7cf88d10ecc25e72ba658607ad70430c.jpg
Rich

Same here Sir Kaiser and Mark D… Instead I’m riding on the Cavalcade of Wings.

Kaiser Wilhelm

Rich,

It seems the Three Musketeers (not of the Disney variety) were all galivanting elsewhere yesterday/night, only to return like swallows to Capistrano when the coin urge once more proved too magnetic to resist. All for one and one for all!

4669e5dd664049d64da7ebd3a5265945.jpg
Kaiser Wilhelm

Every now and then I come across something that makes me marvel at the sheer unexpectedness of somebody having thought this up.

imageproxy.jpg
Last edited 1 month ago by Kaiser Wilhelm